The Source for Cyber Insurance News, Insights and Data
K2 Insurance Services has launched a new managing general agent (MGA), K2 Cyber, to provide cyber insurance tailored to small and midsize businesses (SMBs). The small business cyber coverage initiative responds to growing threats. The SMB cybersecurity risk landscape is populated by ransomware, phishing, and data breach dangers. Issues recently covered in depth by this … Read more
Cyber insurance rates dropped 5% in the US and 7% globally in Q4 2024, according to Marsh’s Global Insurance Market Index. The market benefited from abundant capacity, with new capital expected in 2025. Many companies reinvested premium savings into higher coverage limits and lower retentions. Claim volume increased, with over 2,000 US cases related to … Read more
Using “admin” as a username for a virtual private network (VPN) is akin to parking your car and leaving the keys in the ignition. You are making it easy; why not leave the car running? This careless practice can make your system vulnerable to ransomware attacks. According to Corvus Insurance’s Q3 2024 Cyber Threat Report, … Read more
Chief Information Security Officers (CISOs) face growing personal liability risks amid increasing cybersecurity threats and stricter regulations. Recent Securities and Exchange Commission (SEC) actions have targeted CISOs individually. For the first time, the SEC charged a CISO with fraud and internal control failures related to cybersecurity. New SEC disclosure rules now require timely reporting of … Read more
NordVPN, a leading VPN provider, has launched NordProtect, an identity theft protection service that functions like a personal cyber insurance policy. Currently available to NordVPN Prime users in the US, it combines cybersecurity expertise with advanced technology to safeguard users from identity theft. “NordProtect is another step to fully secure customers as online threats advance,” … Read more